Hacker News Reader

The wallets are speaking clearly, DeFi volume is through the roof right now.

A lot of people put money on CEX because they are ignorant, or willing to take on some risk for slightly cheaper and faster trades. Those people probably regret their decision now. If they used Uniswap and Aave they could not have withdrawals paused because of one company’s insolvency.

"If many people in this space are advocating for decentralized exchanges, how come everyone uses centralized ones?"

Convenience.

DeFi doesn't interface with fiat.